Practice Assurance monitoring
This page will give you an overview of how we will monitor your firm as part of the requirements of the Practice Assurance scheme.
Preparing for your Practice Assurance review
Access our summary of best practice suggestions and monitoring webinar.
Your firm's annual return
Your firm's monitoring review
We monitor compliance with the Practice Assurance Standards using information from your firm’s annual return and other information you send us. Your review will reassure you that your firm is meeting:
- the requirements of the Practice Assurance Standards;
- other relevant regulations; and
- the ICAEW Code of Ethics.
Depending on the size of your firm, your review will take place at your office or over the phone. We may also continue to monitor your firm’s compliance with the Practice Assurance Standards through a desk top review using information you send us. We will contact you by letter or email to tell you which type of review we propose. Most of the firms we review are selected on a random cyclical basis depending on size.